Did you know that financial institutions all over the world are warning that we could see a “mega default” on a very prominent high-yield investment product in China on January 31st? We are being told that this could lead to a cascading collapse of

Two Roads Diverged
As we know, it has been a suspect week with a variety of earnings misses. Although I have been constructive on risk asset markets generally, equities anecdotally, as figured year end push for alpha desires could let it run into y

With discussion of income inequality reaching a fever pitch—from New York City Mayor Bill de Blasio's "tale of two cities" message to the headline-grabbing sermons of Pope Francis—former Goldman Sachs asset management chairman Jim O'Neill believes th

Business
International trade
China surpasses US as world's largest trading nation
Beijing describes 2013 figures as 'a landmark milestone' as annual trade in goods passes the $4tn mark for the first time
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The most profitable of all central bank activities has been the financing of major wars, particularly the two World Wars. When nations are engaged in warfare, with their very survival at stake, the governments stretch their resources to the limit in

Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund.

Since the West reached a landmark deal with Iran on its controversial nuclear program late last year, many Iranians are hoping for an end to sanctions. Western companies are also gearing up do big business.

With headlines crowing of gold's worst year since 1981 as a signal that the status quo is winning and proof positive that fiat-currency naysayers must be wrong, it would appear that the rest of the world's central banks (and banks) have used the pric

Bringing together such a diverse group is necessary because Bitcoin—as a money that can eventually intermediate all economic exchange—touches so many aspects of our lives. To really understand it requires knowledge from at least four fields of study,

Following Joerg Asmusen's somewhat surprisingly short 2-year stay at the ECB, stepping down as board member to become Germany's secretary of state for labor, the voice of economic reason in Europe has proposed 49-year-old female Sabine Lautenschlaege